Gold price eyes further weakness as yields pause previous fall

Gold price remains pressured for the second consecutive day as the United States Treasury bond yields lick their wounds at the five-month lows marked in the last week. That said, the benchmark US 10-year Treasury bond yields seesaw around 3.378% while the two-year counterpart picks up bids with mild intraday gains of around 3.797%. It’s worth noting that the yields dropped to the lowest levels since September 2022 in the last week as market players rush to bonds and gold amid fears of banking fallouts.